Edmonton real estate market has been stable in May of 2010. We are now in more balanced market where “Buyers, sellers and REALTORS® can all relax and enter a sales transaction without pressure,” said Larry Westergard president of the REALTORS® Association of Edmonton.

Single detached homes were selling on average for $390,583 in May, 5.9 percent higher compared to May of 2009, while condos sold for an average price of $248,526, just 1.5 percent higher. Number of sales decreased to 1,682 from 1,740, while days on market ratio stood at 44 days, 8 days less than last year. The inventory is on the rise with 8,780 properties available, 724 more than in April and 1,345 in May of last year. There were 3,670 residential listings in May resulting in a sale to listing ratio of 46%.
 

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